salaryRent is higher than in 68% of U.S. cities. A typical house costs about 3.5 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $79,320 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 95 of 200 cities from cheapest to most expensive.
How much do households earn in Owings Mills?
Share of households by yearly income. 33.7% of households earn $100,000 or more.
Rent by apartment size in Owings Mills
| Size | Owings Mills | U.S. average |
|---|---|---|
| Studio | $1,513 | $1,338 |
| 1 bedroom | $1,691 | $1,324 |
| 2 bedrooms | $1,937 | $1,509 |
| 3 bedrooms | $2,495 | $1,698 |
| 4 bedrooms | $2,824 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Owings Mills overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Owings Mills, so the Maryland figure is shown.
Taxes and bills in Owings Mills
Life in Owings Mills
Is it cheaper to rent or buy in Owings Mills?
Renting is cheaper right now: about $522 a month less.
Owning assumes a typical $361,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,100 for the down payment.
Frequently asked questions
What is the average rent in Owings Mills, MD?
Renting in Owings Mills costs a median of about $1,983 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Owings Mills?
To keep rent under 30% of income, you need about $79,320 a year, or $38 an hour at a full-time job.
Is Owings Mills cheap or expensive?
Owings Mills is rated OK: rent takes 22.9% of the typical household income of $103,798. It ranks 95th cheapest of 200 Maryland cities we track.
How much are property taxes in Owings Mills?
The median homeowner in Owings Mills pays $3,803 a year in property taxes, about 1.05% of the median home value.
Is Owings Mills more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Owings Mills?
The median home value in Owings Mills is $361,000, about 3.5 times the typical yearly household income.
37,245 people live in Owings Mills. Numbers are typical (middle) values.